Bushveld Minerals Share Discussion Threads

[swanseayellow] 08/12/2018 08:25

Couldn’t agree more, once this seller clears , re-rate begins again

[coldspring] 07/12/2018 10:41

Got a few more at 40.4 this morning. Still a large round numbered seller about, exhaust them and back to nearer 50p

[jc2706] 06/12/2018 17:56

What a ridiculous comment.

[bmnsa] 06/12/2018 14:13

Only an idiot would not be buying physical gold right now.The future is very very uncertain.

[coldspring] 06/12/2018 10:04

Peculiar trades today two apparent buys of a very small number of shares totalling about 50 quid? Expected this around high 40's again by now, guess people are protecting cash in these uncertain times.

[dmitribollokov] 05/12/2018 19:29

Welcome to AIM100 and very nearly AIM50. Onwards and upwards.

[dmitribollokov] 04/12/2018 16:35

Pleasing enough...next stop 60.

[momentum1] 04/12/2018 09:38

It does indeed. Chart looks primed. Volume building

[dmitribollokov] 04/12/2018 08:27

Feels like today could be the day for the bounce...

[dmitribollokov] 03/12/2018 16:35

Yup agreed. Big bite now’s commentary is outstanding, as is nick derby’s. Ophidian also seems to have a grasp on reality.

[jc2706] 03/12/2018 16:01

It's useful occasionally though. Particularly things like the shipping info. Amazing efforts are exerted by some of the contributors.

[dmitribollokov] 03/12/2018 12:01

Agree. It's a bit like a playground there. Some very good posters, also some that have drunk a little too much Kool-Aid and think they will ingratiate themselves with the bigger boys if they constantly jump to the defence of the company. It's pretty tiresome, but on the whole like you say if you ignore certain posters then it's a good source of info. Thebushvledperspective website is a bit creepy, I've never been a superfan of anything...each to their own I guess...

[jc2706] 03/12/2018 11:47

Well, I think that the LSE board can occasionally have collective paranoia on the back of what was one short attack (the shorters openly admitted it - they clearly wanted it known as the ones involved had a reputation as 'sophisticated investors' who clearly wanted people to follow along behind). The herd mentality then kicks in and anyone with a different opinion is viewed suspiciously. I tend to ignore these and look for what are genuinely good posts by certain of the posters which provide significant information. I think that we know who they are.

[dmitribollokov] 03/12/2018 11:24

Another cheeky nibble, 37k at 39.44 for me.

[dmitribollokov] 03/12/2018 09:57

Fair aummary JC.

My problem with Alfa is that any time someone sells they are labelled a 'short attacker' or it's some kind of manipulation. It's ridiculous.

I sold 900k about a year ago (which I bought back - think it was at 9p, bought back at 7 something) to howls of protest. Alfa labelled those sales as a "clear short attack", when I pointed out that I'd sold, he said I clearly had an agenda. I've rather lost respect for him since that...I sold because I thought it was overdone and due a pull back. Occam's Razor generally holds. Unfortunately more exciting conspiracy theories tend to garner more of a following though. Just look at the world around us...

[jc2706] 03/12/2018 09:28

I have no problem with Alfacomp's identification of buys and sells but I tend to take less as fact the suggestion as to why. What cannot be doubted is that there has been a significant seller/s over the last few weeks - the holdings notification suggested as much. How the market shifts those shares is entirely up to the market but a large holding dumped quickly would cause a fair amount of damage to the share price.

However, when someone owns up to shorting or suggests shorting (as was the case at the weekend) then it would at least be worthwhile considering.

For what it's worth, my take on the situation is that the share price flew up very quickly indeed and that 50p was too much of a stretch in the short term. As such, this attracted selling, including a significant holder (First Island). Whilst there was a great deal of buying (particularly by the group behind the recently acknowledged TR1) the seller could be contained but we have seen a reduction in the buying lately and this has exposed the selling.

At some point these things level out (and I would suggest that there is a fair level of support not far below this point), the selling will dry up somewhat and new buying will be stimulated. And so the process repeats!

Of course, the process also repeats to the extent that there will be those that buy at the local top and lose out on the drop. All I would say to these people is look at the history and see whether those that bought at the 'top' at 10p are unhappy with the performance since then.

[dmitribollokov] 03/12/2018 08:48

Evil market makers up to no good again clearly...

Or on planet earth, it going to test the old resistance as support as expected. Mid 30s it is then.

Cue howls of protest that technical analysis is akin to reading tea leaves...

[zeusfurla] 02/12/2018 22:52

DB We don't know the facts but we try to speculate in a sensible way on share price moves. Your response reminded me why I filtered you a couple of weeks ago. I wonder what your real motivation is on this board and others. It's not adding any insight that's for sure. Bye bye again...

[dmitribollokov] 02/12/2018 10:10

You’ve cut and pasted some drivel from a bloke who worked as a market maker back in the early noughties...

Are they ‘holding it back to get their mates in’ or some similar nonsense? It’s not 1986.

[dontay] 02/12/2018 10:07

Yep. The buys are consistently higher than sales. On a simple supply and demand basis the share price would have risen not dropped for exactly those reasons. They obviously have some access to cheap shares via a seller wanting to ditch or possibly some remaining warrants that can get rid of. Background to the Market and Market Makers:A Market Maker runs a 'shop' and you buy shares from him or sell them back to him. The Market Makers act as retailers of shares and display their prices during working hours. The prices may vary (sometimes considerably) during the day, depending on a number of influences. For example, if holders of very large amounts of a share decide to sell (or a combination of a lot of holders of small amounts), then the Market Makers will reduce the price that they are prepared to pay for the share. The converse is true also; if there is a consistent and large enough demand for a share, then the Market Makers will increase the price. Market Makers make money from buying shares at a lower price to which they sell them. This is the bid/offer spread. The more actively a share is traded the more money a Market Maker makes. It is often felt that the Market Makers manipulate the prices. "Market Manipulation" is an emotive term, and conjurers images of shady deals and exploitation. Market Makers are not elusive companies that appear then vanish overnight. Market Makers are duty bound to make a market and to meet the needs of those they are responsible, to this end they may try to influence the market. Market Makers are however known to lower prices to "panic" investors into selling, sometimes called "shaking the tree"? Moving the price up, encourages sells, moving it down also encourage sell, hence also the term dead cat bounce when a Market Maker will mark a falling stock up to encourage buyers in thinking they have reached the bottom.A good pricing system such as Level 2 will give you an indication which Market Makers are keenly priced. Your broker using the same systems as you now have can sometimes get a better price than those on the screen. This is because Market Makers compete with one another for business. When your broker calls the Market Maker he is giving them the opportunity to 'bid' for the business, the Market Maker may well improve on the price on offer via the screens. The Market Maker only makes money when they are buying and selling, so the Market Maker will prefer to see the business go through their books at a reduce margin than allow it to go to another Market Maker. When you buy and sell shares in most circumstances (SEAQ/AIM) your broker has to go through a Market Maker. The Market Maker works for an institution that makes a market (will buy and sell) that particular stock. They provide the market with liquidity - i.e. there will always be a price you can sell your stock at, there will always be a price you can buy some stock at (unless the share is suspended). Market Makers obviously have a degree of risk. If there is a flood of sellers, because the Market Maker's job is to provide liquidity, he has to buy those shares even though the rest of the market may want to sell. If the price continues to fall he could be left with a lot of stock on his hands that he paid considerably higher prices for than he can sell for now. And vice versa - if a share is rising sharply the Market Maker has to continue selling the stock to the buyers - he could end up "short" of stock. In this situation he has sold stock he has not got, to fulfill all the buy requests, and he has to buy this stock in to balance his books, but at higher prices and makes a loss. The Market Makers are effectively in competition with each other. With the example of IMG above, why would a seller want to sell shares to UBSW at 380, when the seller can deal with MLSB or AITK and receive 385p per shares? If UBSW wants to purchase shares, the Market Maker has to raise its bid price. If Market Makers want to buy shares because they may think the stock is heading up or they are short of stock they have to raise their bid price if theirs is not the best bid on the screen. This can cause the spread to narrow. If Market Makers are keen to sell stock they may want to lower their offer price to tempt buyers in. If all Market Makers start moving their offer prices lower to tempt in buyers and offload stock, certain traders could view this as negative for the short term. If Market Makers need or want to take in more stock they will raise their bid prices - certain traders again could see this as a sign of a short-term upswing in prices. If a Market Maker does not want to trade in the stock he is making a market in he may make his bid/ask spread so wide to discourage anyone to trade with him. If all the Market Makers do this the stock can become illiquid temporarily as no trades are going through - buyers do not want to buy, sellers do not want to sell their stock at what they envisage is a poor bid price. It's not a problem it's how the mm's make a market, they are in competition with each other as well as the punters. In the absence of anymore immediate positive news the mm's will probably ease it down a bit more to activate stop losses set just under the 40p mark... that panic in turn could promote a short term fall back to the mid thirties. The mm's would love it if it does!They know they're gonna need as many cheap shares as they can get their hands on so they can maximise their take when the buying demand that's heading this way arrives. It's possible that a lot of the buys are down to at least one of the mms actually accumulating. If last weeks shindig and the publicity from the award win work out as Fortune implied... their will be some major interest from more fund managers arriving very soon.

[dmitribollokov] 02/12/2018 09:56

“Been managed down” do you think the moon landing was filmed in LA?

You seem to be a new convert to the temple of alfa. He has valid fundamental analysis, but wets the bed every time the share price isn’t going up and his ‘trading analysis’ is pure specious fantasy.

[zeusfurla] 01/12/2018 23:04

It's fairly obvious to anyone looking at share price movements in the last week or 2 that there are still way more buyers than sellers but that there is also a higher volume seller whose stock is being dropped into the market by MM's. It's not a conspiracy but the share price over the last week or 2 has clearly been managed down by MM's at every opportunity.

[dmitribollokov] 01/12/2018 14:11

Honestly people really need to stop with the “evil manipulating market makers/shorting conspiracy” stuff, it’s ludicrous.